(Credit: George Iordanov-Nalbantov)

Executives and board members have begun using the AI agent, developed by Board Intelligence – an executive advisory firm led by entrepreneur Pippa Begg – to sift through confidential information, prepare for high-level meetings, and reduce human bias in decision-making. The tool has been trained to offer guidance across cybersecurity, sustainability, financial analysis, and mergers and acquisitions.

Lloyds estimates that generative AI tools helped it generate £50 million in “value” in 2025, a figure it is targeting to double to £100m this year.

Nicola Putland, the bank’s corporate governance director, said the technology was being trialled to enable “faster analysis and access to a broader range of perspectives” when preparing for board discussions.

Ms Begg described the current deployment as “step one”, in which AI is used to help individuals consume information and test their judgements before entering the boardroom. A second phase would see board members consulting the tool during live meetings, though she cautioned that granting AI a legal vote would be “a dangerous leap”.

The tool’s security architecture is central to its appeal. Unlike general-purpose AI assistants such as ChatGPT or Google’s Gemini, the Board Intelligence agent is designed to handle highly confidential company and market data in a secure environment, with access tightly controlled to prevent broader exposure of sensitive information.

Separately, concerns are growing in financial circles over Anthropic’s latest tool, Claude Mythos, which is said to possess a superhuman ability to identify vulnerabilities in websites and applications, raising significant cybersecurity fears. According to The Telegraph, the Bank of England was preparing to convene City leaders to discuss the risks posed by the technology.